Canara HSBC Life Insurance Company Limited
DSP Mutual Fund increased its stake in Canara HSBC Life Insurance Company Limited from 2.85% to 3.38%, acquiring 50,57,208 shares.
A life insurance company headquartered in Gurugram, Canara HSBC offers a comprehensive range of insurance products and investment-linked solutions to customers across India. The company operates as a joint venture between Canara Bank and HSBC Insurance, combining domestic banking expertise with international insurance capabilities and experience. It serves individual and corporate clients through multiple distribution channels nationwide.
Standalone AMC after DSP Group acquired full ownership from BlackRock in 2018. Manages over Rs 1.9 lakh crore. Known for equity funds with a clear process-first culture and minimal star manager dependency. CEO Kalpen Parekh is widely respected for transparent investor communication. DSP Small Cap Fund and DSP Midcap Fund are flagship offerings.